5 min
US Crypto Contractor Payments 1099 Tax Reporting Stablecoin Irs Rules: Complete Guide
Web3 startups and digital-native companies are increasingly paying contractors in stablecoins like USDC and USDT. The speed of on-chain settlement and lower transaction costs make it attractive, but using stablecoins for contractor compensation introduces tax complexity many business owners underestimate. The IRS treats digital assets as property, not currency, meaning every stablecoin payment triggers reporting...
